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Fingers: As always, you are a real star ! Thank you. Your link goes someway beyond analysts' commentary and gives us some details of some actual investment. Very interesting that Inobat Auto's proposed new EV-battery R+D facility and production line in Slovakia has attracted a 10M Euro loan (possibly convertible into shares) from CEZ, a pledge of 5M Euro from the Slovakian government and the European Investment Bank (EIB) is also considering a loan.
Rather tantalizing that Pavel Cyrani, vice-chairman of the CEZ Board, states that the governments of the Czech Republic and Slovakia have a partnership in electromobility. Also, Mr Cyrani suggests that CEZ may be interested in a possible project of a Gigafactory in the Czech Republic. So, it sounds like CEZ, which is an industrial investment arm of the Czech State, is happy to collaborate with, and invest in, specialist companies like EMH and Inobat Auto to create a vertically integrated platform. It does seem important that at least two European governments and the EIB are motivated to form strategic alliances. Time will tell !
https://www.intellinews.com/inobat-auto-raises-10mn-from-cez-for-ev-battery-facility-186693/
Greenmachine and Sid- Taking a leaf out of the very intelligent Henry Ford book. He understood the huge virtue of vertical integration to the extent that he bought up rubber plantations to secure the supply for his tyres. I, like you Sid, am very bullish on EMH and I'm prepared to be very, very patient. I imagine CEZ will be very smart and they will wait for the plot to thicken with more than one major EV manufacturer banging on their door. A take-off auction could get very exciting indeed!
The German mind-set tends to be conservative and they've been johnny-come-lately with both Hybrids (Toyota have been building Hybrids for well over twenty years) and full EVs (Nissan et al). Elon Musk is the gadfly-in-the-ointment here and his influence is already truly disruptive. It is amazing how his bullish futurism is converting the gas-guzzling mentality of the Americans. A Joe Biden presidency could accelerate that. In any event, the EU is absolutely committed to addressing climate change and a significant Lithium deposit on EU soil will come to be viewed as a vital strategic resource. German political leadership is strong and Angela Merkel has the distinct advantage of holding a doctorate in Quantum Chemistry, so she is scientifically very savvy indeed. Good luck everybody !
Sid, I agree entirely and was thinking of another similar situation earlier this week. Last week apple announced they were ditching intel as their supplier of silicon and instead were moving to arm based designs. This is significant because it now means that Apple controls the whole value chain all the way from Apple silicon and design to marketing their products. Nowhere in the product structure are they reliant on anyone else. Change this to a car manufacturer of EV's and it looks a very similar business model.
as Lithium isnt available in sufficient quantities yet,and the car manufacturers requiring much more than is currently being mined, surely this would result in an increase in the price of Lithium be that Hydroxide or Carbonate, Highest bidder as it were gets the Lithium, costly??? EMH would benefit... but if you were Tesla VW and any other Carmanufacturer or canny ii with foresight wouldnt you buy heavily heavily into Lithium at the earliest opportunity ie mining! and processing that would greatly bring down the cost to them, therefore making the profit on each car so much more, and making their competitors have to pay more to secure a supply, and who knows even from them too lol nothing new in good business practice from me here but the offer of a total take over of our 49% must be a possible realistic outcome further down the line for EMH? even if it didnt happen we are in such a good place to enjoy the benefits of Cinovec mining and processing with in the Czech republic and selling end product with CEZ, I wonder now what would be a realistic price say in 12 months for 49% of Geomet? It isnt what CEZ paid us for 51% by along long long long way,Fair value isnt close either IMHO Think of the years to come and not just right now.Why arent we daring to think bigger? que Lawrence for stats lol felling very very Bullish .
https://auto.economictimes.indiatimes.com/news/auto-components/lg-chem-to-produce-tesla-batteries-in-south-korea-this-year-as-demand-grows-source/76773888
Tesla gunna create shortages
https://electrek.co/2020/07/03/tesla-cybertruck-reservations-china/
Heard on the news this morning their pre orders are now up to 700,000 , a lazy 35, 000 tonnes of Lithium supply required above and beyond current supply world wide .
Fingers, Sid, Antelope and others: It looks like Morgan Stanley have joined J.P. Morgan and others in the the quiet chorus:
https://oilprice.com/Energy/Energy-General/Lithium-Prices-Are-Set-To-Rally.html
This gleaned from foree on the Bacanora (BCN) board, with thanks.
Got to agree with that Fingers, we know the demand will be there but the phoned doesn't seem to be ringing off the hook....
Lol, who they are going to call........ aren't you tired repeating the same crap.over the years? They have been calling for the past three years, the line must be broken, lol
Dont forget the TIN!!!
Lithium Prices Are Set To Rally
Lithium prices are once again poised for a rally in the next few years, according to analysts, and this is because EV sales are expected to jump, driven by the so-called green recovery plans of, for now, the European Union.
JP Morgan expects demand for lithium hydroxide to soon outstrip that for lithium carbonate.
https://www.fnarena.com/index.php/2020/07/01/material-matters-lithium-copper-and-oil/
https://www.benchmarkminerals.com/membership/uk-earmarks-1bn-to-attract-ev-battery-gigafactory-and-kick-start-lithium-ion-economy/
And who are they going to call ?
Me again Bob, Not sure if your on twitter if your are i'm @carbongeezer I've just re-synced my Gali tweets, makes a tad more sense now.
Hi Bob, Long time no speak, hope your keeping well. Thanks for spreading the word on here, Was watching 02:00 by the end I thought wow!! but felt cheated by the dismissive way the fella treated "CLAY" as a deposit, bearing in mind the yrs of negativity from Mr Lowry till he eventually came around and became a convert. In an effort to redress the balance I took the opportunity to bombard Gali @ Hyperchange in an effort to enlighten the fella, 9 tweets later @ 03:00 never a good idea, but I felt better for it. Unfortuately they posted out of sync, no idea why? Anyoldhow Bob we're still on the same side. Look after yourself. London out.
Apologies if posted already : https://twitter.com/HyperChangeTV/status/1277368695619112960 (Vivas Kumar xTesla battery man now Benchmark Mineral Intelligence)
01:30 long - but really worth watching.